The building materials market is forecast to be robust this year, with the demand fuelled by the increase in infrastructure development investment and the recovery of the property market, according to the Ministry of Construction.
Real estate prices in 2021 are expected to increase by 10 percent over the previous year, said Nguyen Van Dinh, deputy general secretary of the Vietnam Real Estate Association (VNREA).
Thailand’s cabinet on December 22 approved the inflation target range of 1-3 percent for 2021 as set by the Finance Ministry and the Bank of Thailand’s Monetary Policy Committee (MPC).
Philippine President Rodrigo Duterte and Japanese Prime Minister Suga Yoshihide have agreed to cooperate closely in issues related to the East Sea in the context of China continuing its military buildup in the waters despite the concerns of neighbouring countries.
The Asian Development Bank (ADB) has approved a 70 million USD in loan to improve the capacity of agribusinesses in six provinces across Cambodia to process key agricultural products.
A memorandum of understanding (MoU) was signed between the Vietnamese-based Consultant and Inspection Joint Stock Company of Construction Technology and Equipment (CONINCO) and the Cuban-based DINVAI Vietnam construction company on November 30.
Weak regional connectivity across land, air and sea has hampered the growth of the southeastern region of Vietnam. Economists believe for the region to develop, it needs to change its mind set and strategy.
Thailand’s Finance Minister Arkhom Termpittayapaisith has signed an agreement to borrow 1.5 billion USD from the Asian Development Bank (ADB) to address economic and social issues caused by COVID-19.
Government-sponsored development banks of Japan, China and the Republic of Korea signed an agreement with major financial institutions in the Association of Southeast Asian Nations (ASEAN) to boost inter-bank cooperation during the ASEAN Plus Three Summit held virtually on November 14.
A proper mechanism is needed to attract investors to infrastructure projects implemented following the public-private partnership (PPP) model, experts have said.
With strong commitments and resolve of member countries, cooperation between Mekong countries and the Republic of Korea (RoK) has developed in both depth and width, Prime Minister Nguyen Xuan Phuc said on November 13.
Japan is keen to help Vietnam improve its infrastructure, a critical area in the 12 co-operation agreements the two countries signed during Japanese Prime Minister Yoshihide Suga’s recent visit to Vietnam.
Vietnam hopes to make economic cooperation truly an important driver for its relations with Japan, the US, and Australia, Head of the Party Central Committee’s Economic Commission Nguyen Van Binh said on October 30.
The Cambodian government has approved more than 830 million USD worth of electricity infrastructure projects, which consist of a 150MW hydropower dam, a 265MW coal-fired power station, and three transmission lines.
Politburo member Nguyen Van Binh, head of the Party Central Committee’s Economic Commission in Hanoi, hosted a reception for Adam Boehler, CEO of the US International Development Finance Corporation (DFC), on October 26.
HCM City is enacting numerous solutions to facilitate FDI into the city by focusing on infrastructure and administrative procedures, as the fund poured into it has been dwindling this year.
The HCM City Department of Transport is urging the city People's Committee to approve investment for 55 urgent transport infrastructure projects next year, including five new overhead roads to ease traffic congestion at hotspots connecting eastern and western areas.
Hanoi’s outskirts district of Dong Anh on October 5 began the construction of three infrastructure projects worth a total of 1.2 trillion VND (nearly 52 million USD), an activity to mark the 1,010th anniversary of Thang Long-Hanoi and the 66th anniversary of the capital city’s Liberation Day.
Total investment for socio-economic development in the Mekong Delta province of Kien Giang stood at 222.66 trillion VND (9.6 billion USD) in 2016-2020, with an annual average growth of 6.1 percent, according to the provincial People’s Committee.
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